Leatt Corporation Q1 2026 Earnings Recap

Leatt's shares jumped 23.9% following a first quarter marked by broad-based revenue and income growth, driven by accelerating global demand, strong consumer direct sales, and stable gross margins.

Key Takeaways

• Q1 2026 revenues reached $19.5 million, up 27% year-over-year, led by a 59% increase in helmet sales and 25% growth in body armor.
• Consumer Direct sales surged 49%, highlighting robust brand momentum and direct engagement with riders.
• Net income grew 58% to $1.77 million, supported by a stable gross profit margin at 44%.
• Operating cash flow generated $4.55 million, increasing cash on hand by 30% to $17.2 million and maintaining liquidity for growth investments.
• Management reaffirmed confidence in the business with continuation of a $750 thousand share repurchase program amid ongoing investments in emerging markets and product development.